Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.Â
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
CG Power and Industrial Solutions Ltd. has emerged as the lowest bidder (L1) for a power transformers package for NTPC Limited’s 3×800 MW Telangana Super Thermal Power Project Stage-II. According to the financial bids opened on June 17, 2026, CG Power quoted Rs 425.26 crore for the contract, compared to Bharat Heavy Electricals Limited’s (BHEL)…
Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05 billion, were allotted to the Northern Arc Emerging Corporates Bond Trust. They have a tenure of 20 months, starting from December 23, 2024, and maturing on…
Photovoltaics (PV) and wind now dominate Europe’s power generation, surpassing fossil fuels, according to the latest Enervis report. However, increasing cannibalization of renewable energy is reducing market revenues for solar and wind power producers. Cannibalization occurs when high solar and wind generation floods the electricity market, driving down prices, sometimes even turning negative. In 2024,…
The Kidston pumped hydro project in Queensland has been added to the Australian Energy Market Operator’s management system, marking the first new pumped hydro asset to join Australia’s main grid in four decades. The registration on November 18 allows the first of two 125 MW units to be energised, starting a detailed commissioning phase. The…
Nuclear Power Corporation of India Limited (NPCIL) announced that Unit 7 of the Rajasthan Atomic Power Project (RAPP-7) achieved its rated power operation of 700 MW for the first time on February 10, 2026, at 05:15 hours. The milestone marks a key step in India’s indigenous nuclear power programme. The 700 MW Pressurised Heavy Water…
Power Mech Projects Limited has received an order worth Rs 370.84 crore from Mahan Energen Limited, a subsidiary of Adani Power Limited. The contract covers civil works and the erection of prefabricated structural steel for units 1 and 2 of the Mahan Phase-III power project at Singrauli, Madhya Pradesh. The scope of work includes the…